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An update from Tribeca Global Natural Resources Ltd. ( (AU:TGF) ) is now available.
Tribeca Global Natural Resources Ltd. has announced a fully franked dividend of $0.05 per share for the financial year ending June 2025, alongside amendments to its Dividend Reinvestment Plan (DRP) to prevent dilution for non-participating shareholders. Additionally, the company plans an on-market share buy-back of up to 10% of its voting shares, aiming to enhance shareholder value, especially when shares trade at a discount to their net tangible asset backing. This buy-back is seen as an efficient capital management strategy, providing liquidity and demonstrating confidence in the company’s investment thesis.
More about Tribeca Global Natural Resources Ltd.
Tribeca Global Natural Resources Ltd. operates in the natural resources sector, focusing on investments in natural resources and related industries. The company primarily deals with dividends and interest income derived from its investments, as well as realized gains from the sale of investments.
Average Trading Volume: 145,244
Technical Sentiment Signal: Sell
Find detailed analytics on TGF stock on TipRanks’ Stock Analysis page.